Govt Mistake ! GST RCM on Unregistered person Supply ? CA Satbir Singh
Govt Mistake ! GST RCM on Unregistered person Supply ? CA Satbir Singh
CBIC New Clarification regarding GST Interest on Net Tax Liability I CA Satbir Singh
CBIC New Clarification regarding GST Interest on Net Tax Liability I CA Satbir Singh
Income Tax Return Compulsory Scrutiny Guidelines FY 2020-21I CA Satbir Singh
Income Tax Return Compulsory Scrutiny Guidelines FY 2020-21I CA Satbir Singh The Central Board of Direct Taxes (CBDT) has laid down guidelines for compulsory selection of returns for scrutiny assessment during the Financial Year 2020-21. The guidelines have been prepared keeping in view of Faceless Assessment Scheme & difficulties being faced amid COVID-19 pandemic.
Using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register
Using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register 18/09/2020 An offline tool has been made available to the taxpayers to match Input Tax Credit (ITC), as auto populated in their Form GSTR-2B, with their purchase register. This tool will help the taxpayer to compare their ITC as per… Read More »
Delinking of Credit Note/Debit Note from invoice, while reporting them in Form GSTR 1/GSTR 6 or filing Refund 17/09/2020
Delinking of Credit Note/Debit Note from invoice, while reporting them in Form GSTR 1/GSTR 6 or filing Refund Till now, original invoice number was mandatorily required to be quoted by the taxpayers, while reporting a Credit Note or Debit Note in Form GSTR-1 or Form GSTR-6. The taxpayers have now been provided with a… Read More »
Update on E-invoice on GST Portal
offline utilities, API testing etc. are available on e-invoice portal ( https://einvoice1.gst.gov.in > Help > Videos ). As clarified in the FAQs, on fulfilment of prescribed conditions, the obligation to issue e-invoice in terms of Rule 48(4) (i.e. reporting invoice details to IRP, obtaining IRN and issuing invoice with QR Code) lies with concerned taxpayer. Further, the term “aggregate turnover… Read More »
GST Portal Updates: Debit/Credit Notes de-linked with Invoice
Section 34 of the Central Goods and Services Tax Act (‘CGST Act’) deals with the issuance and reporting requirement of debit/credit notes under the GST regime. The provisions originally introduced in the CGST Act provided that Supplier shall report the details of debit/credit notes in Form GSTR 1 along with the corresponding tax invoice number… Read More »
New GST Matching Offline Tool to match GSTR2B with Purchase register
Matching Offline Tool v1.0 The Matching Offline Tool can be used to: View GSTR-2B (Auto-drafted Input tax credit (ITC) statement) Match GSTR-2B with Purchase register To install the tool, please download, extract the zip file and run the Download Your downloaded (Matching_Offline_Tool) zip file contains: GSTR2B_Matching_Tool_v1.0.exe (Application) Purchase Register Excel Template Readme User Manual Change… Read More »
GST-n-You Creative Contest to win Prizes
Participate in GST-n-You Creative Contest 14/09/2020 GSTN invites creative entries in form of videos (animation, tutorials, short-films etc.) of 30-120 seconds or static graphics on the various recent initiatives and reforms on GST, like following ( list is only indicative ): GST – One nation, one tax, one market, GST and reduced taxes on MSMEs, GST and automated… Read More »
Advance Tax Calculations & Payment Dates in Income Tax I FY 2020-21 I AY 2021-22 I CA Satbir Singh
Advance Tax Calculations & Payment Dates in Income Tax I FY 2020-21 I AY 2021-22 I CA Satbir Singh